Calculated level for today: Support (S1 / S2 / S3 = 1244,67 / 1237,39 / 1225,59), resistance (R1 / R2 / R3 = 1268,26 / 1275,54 / 1287,33). Key support levels (1st from 1236.48 to 1249.63 at the end of the day, the 2nd ox 1234.46 to 1242.66...
Technical Analysis of NZD/USD for March 04, 2016 Overview: The NZD/USD pair faced resistance at the level of 0.6774, while minor resistance is seen at 0.6750. Support is found at the levels of 0.6729 and 0.6693. Pivot point has already been set at the level of 0.6750...
Technical Analysis of USD/CHF for March 04, 2016 Overview: The USD/CHF pair was trading around the area of 0.9887 a week ago. Today, the level of 0.9887 represents a daily support in the H1 time frame. The pair has already formed the minor resistance at 0...
The 4 hour USD/CAD Chart shows the price is hugging the declining support line. The price has been range trading between the support and resistance since the end of January. However, price looks to be making a continuation upwards to continue with its long term bullish trend...
USD/JPY is higher following the release of revised US economic data but its topside remains heavy because market participants are still not confident about the Fed and BoJ’s next moves. "Next week’s ECB meeting may not affect USD/JPY as much as it did in December, though EUR/JPY did rise then...
Calculated level for today: Support (S1 / S2 / S3 = 36,44 / 15 / 35.67) and resistance (R1 / R2 / R3 = 37,40 / 69 / 37.17). Key level (1st from 36.77 to 36.90 at the end of the day, the 2nd of 35.28 to 36.73...
The GBP/USD has been a very bearish pairing over the past year. With the price hitting fresh lows not seen since 2009. Therefore we have had to turn our eye to the long term charts to see if we can see which direction the GBP/USD looks to be moving next...
Bulls seriously got down to business and boosted the growth of the #Gold to the highest for the last thirteen months levels. Considering technical factors, the chances of re-growth are very high. Find out more by checking out the Source Link...
It is recommended to close the existing positions in #EURUSD and stay out of the market before the release of #NFP. Depending on the actual numbers, but rather the degree of deviation from their expected values, we will have a further movement in either direction...
Technical Analysis of EUR/JPY for March 4, 2016 General overview for 04/03/2016: The golden trend line had been successfully tested from the upside and the market bounced higher towards the intraday resistance at the level of 125.00...
Technical Analysis of USD/CAD for March 4, 2016 General overview for 04/03/2016: The high for the wave b purple had been made around the intraday resistance at the level of 1.3498. Currently, the price is trying to break out below the intraday support at the level of 1...
There is room for a bit more retracement in USDCAD but the longer-term uptrend (the C-wave) is not yet complete, notes Moragn Stanley. "USDCAD has now crossed through the 1.3457 high from September and has far exceeded the 61.8% retracement of the bullish leg from 1.2832 to 1.4690, MS adds...
In their weekly notes to clients today, the FX strategy teams at Societe Generale and BNP Paribas advise investors to position for a possible EUR bounce heading into and after the upcoming ECB March meeting next week...
EUR/USD: Change to Neutral: Bearish phase ended quickly. Bullish only if daily close above 1.1005/10. When we turned bearish on Monday (29 Feb), we had a ‘modest’ downside target of 1.0810. The low has been 1.0823 and the subsequent strong rebound from the low took out the stop-loss at 1.0965...
There is no trade call for the session. The European session is decidedly light, however the NY session will see employment figures from the US which will no doubt cause volatility. US Employment Data is released today 1:30pm GMT...
04 March 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 13:30 Non-Farm Employment Change USD High 195K 151K Positive 13:30 Average Hourly Earnings m/m USD High 0.5% 0.2% Neutral 13:30 Unemployment Rate USD High 4...
THE NFP REPORT IS EXPECTED TO BREAK ABOVE 200,000 NEW JOBS IN FEBRUARY U.S. employment data has been mixed ahead of the U.S. non-farm payrolls (NFP) report...
Pivot Points-Hourly Last Updated: Mar 4, 11:30 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09297 1.09393 1.09446 1.09489 1.09542 1.09585 1.09681 USD/JPY 113.547 113.707 113.784 113.867 113.944 114.027 114.187 GBP/USD 1.41024 1.41285 1.41383 1.41546 1.41644 1.41807 1.42068 USD/CHF 0.98868 0...
On the ECB front, George Saravelos, Research Analyst at Deutsche Bank, thought that the central bank still had more ammunition to weaken the euro...
The Canadian dollar is giving away some of its recent gains vs. the greenback, with USD/CAD now meandering a narrow range in the 1.3415/10 region...
